Al Moammar Information Systems Co. — Capital/Financing Update 2021

Dec 12, 2021

Al Moammar Information Systems Co.( MIS ) Announces Obtaining a Bank Facility in compliance with Islamic Sharia

7200 · 12/12/2021 08:06:38 · Announcement #65911 · View on Saudi Exchange

Al Moammar Information Systems Co.( MIS ) Announces Obtaining a Bank Facility in compliance with Islamic Sharia

Element List	Explanation
Introduction	Al Moammar Information Systems Co. (MIS) Announces renewal and amendment of bank facility in compliant with Islamic Sharia with Arab National Bank as follow:
Date of obtaining the funding	2021-11-24 Corresponding to 1443-04-19
Financing entity	Arab National Bank
Financing amount.	SAR 220,000,000
Financing duration.	valid till 31/07/2022
Guarantees offered for the financing	Facility agreement secured by Promissory note to the amount of total facilities limit
Financing objective	Financing new project contracts and issuance of bank guarantees
Related Parties	Related parties. (sub-allocation facility line available for MIS 100% owned company EMS)
Additional Information	MIS signed the facility agreement on 09/12/2021.

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